Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Cryptoknowmics 2022-07-02 13:00:29

Mexican Senator Proposes Bill to Make Bitcoin Legal Tender in Mexico

A bill to legalize bitcoin in Mexico has been put out by Senator Indira Kempis of the Mexican Congress. The difficulties Mexican residents encounter while attempting to obtain financial products and education serve as the basis for the bill’s action. However, the Central Bank of Mexico has opposed the integration of bitcoin into the nation’s financial system. Bitcoin Accepted in Mexico as Legal Tender Another country in Latam looking into the potential benefits bitcoin could have for its economy is Mexico. A bill to change Mexico’s existing monetary law and make bitcoin legal tender was unveiled this week by senator Indira Kempis. The proposal, which aims to follow El Salvador’s lead in becoming the first nation in the world to accept bitcoin as legal cash, highlights how this could alter the financial literacy of many residents. The study bases its recommendation on Mexico being one of the continent’s least educated and financially inclusive nations. Over 67 million individuals in Mexico still do not have access to a bank account, meaning that 56% of the country’s population still does not have these most fundamental financial tools. Similarly, only 68% of Mexicans have access to financial education, which ostensibly prevents most people from making informed decisions about saving, mortgages, or how to handle credit. Bitcoin vs Central Bank Digital Currency The action taken by the government and the Central Bank of Mexico con...

freebitcoin
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.